Global Extrusion Sheet Market Share Analysis 2024, Forecast To 2033
8 Mar, 2024
The extrusion sheet market has displayed robust growth dynamics, surging from $114.54 billion in 2023 to $122.13 billion in 2024, marking a CAGR of 6.6%. This growth is fueled by increasing demand in packaging, industrial expansion, automotive sector growth, and renewable energy projects. Looking forward, the market is expected to maintain strong growth momentum, reaching $158.67 billion by 2028, with a CAGR of 6.8%. Factors such as emphasis on lightweight materials, construction and infrastructure development, and global focus on renewable energy are anticipated to drive this growth. Significant trends in the forecast period include advancements in manufacturing and material technologies, adoption of bio-based materials, and digitalization of manufacturing processes.
Global Extrusion Sheet Market Key Driver
The extrusion sheet market is poised for growth due to the increasing food and beverages industry. As the sector responsible for transforming raw agricultural goods into consumer food items, the food and beverage industry heavily relies on packaging materials like extrusion sheets. These sheets offer versatility, lightweight construction, and customization options, ensuring efficient product protection and transport. With food and beverage sales projected to reach $856.9 billion by 2025, the rising consumption in the packaging industry is expected to drive the extrusion sheet market forward.
Get A Free Sample Of The Global Extrusion Sheet Market ReportGlobal Extrusion Sheet Market Segments
The extrusion sheet market covered in this report is segmented –
1) Type:Polypropylene, Low Density Polyethylene (LDPE), Polycarbonate, High Density Polyethylene (HDPE), Polystyrene, Acrylate, Polyethylene, Other Types
2) Structure:Corrugated, Solid And Textured, Hollow, Multiwall, Other Structures
3) Material Source:Virgin, Recycled
4) Process Type:Coextrusion, Thermoforming
5) Industry Vertical:Packaging, Medical Devices, Consumer Electronics, Automotive, Construction, Other Industry Verticals
By Geography: The countries covered in the extrusion sheet market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Asia-Pacific was the largest region in the extrusion sheet market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the extrusion sheet market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Extrusion Sheet Industry Players
Saudi Basic Industries Corp;Evonik Industries AG; Covestro AG; DS Smith plc; Owens Corning; Kaneka Corporation; Inteplast Group Corporation; Hitachi Zosen Corporation; Serafin Group Limited; Formosa Plastics Corporation; Ensinger GmbH; MDI Inc.; Simona AG; Primex Plastics Corporation; Plaskolite LLC; Brett Martin Limited; Palram Industries Ltd.; Arla Plast AB.; Danpal; Westlake Plastics Company; AGRU Kunststofftechnik GmbH; Zylog Plastalloys Private Limited; Karton S.p.A.; Corex Plastics Pty. Ltd.; Wellplast AB; Extrutech Plastics Inc.; Matra Plast Inc.; Gallina USA LLC
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Extrusion Sheet Market Overview
Extrusion sheet is a technique to create flat material sheets of consistent thickness and width from various resins. The objective of sheet extrusion is to use heat and pressure to convert thermoplastic polymers, usually in pellet form, roll, or sheet material. This process is commonly used for aluminum or plastic materials to form sheets.